Gale Street Properties

Gale Street Properties

300 W. 500 S.
Salt Lake City, UT
County: Salt Lake

Kip Paul

Salt Lake City, UT
Direct: (801) 303-5555
Fax: (801) 322-2040

Additional Info & Materials

Property Information

Acreage 8.53
Max Contiguous (AC) 8.53
Floodplain N/A
Gas N/A
Water N/A
Spec/BTS N/A
Primary Use Commercial
Dimensions N/A
Power N/A
Access N/A
Zoning CG & D2
Secondary Use N/A
Topography N/A
Sewer N/A
Rail N/A

Property Description

This land parcel offering provides a Developer/Investor the Opportunity to acquire 8.53 acres in the block bordered by 500 and 600 South, which are the major freeway on and off ramp boulevards to downtown Salt Lake City (they are also known as the Grand Boulevards, one of the six Downtown Rising Character Districts), and 300 and 400 West. The block was historically occupied by the Newspaper Agency Corporation for 30 plus years and is now occupied by 11 tenants, all on short term leases. 600 and 500 south have average daily traffic counts of 41,000 and 31,000 respectively. The ability to acquire almost an entire block in the downtown area is unprecedented.

Space Description

The east half of the block is zoned D2 and the west half is zoned CG. These two zones allow for great flexibility in what can be developed on the site. Potential uses could include; government facilities, educational campus, retail, apartments, hotel and office. Salt Lake City Corporation has indicated their enthusiasm to see the block developed and their willingness to facilitate the process.

Availability Information

Floor Unit Type SF Lease Rate Lease Type Vacancy Type Sale Price
  Land  Land  371,567        $22,270,000 
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting, or leasing of the property described herein shall be conducted through this office. The above information while not guaranteed has been secured from sources we believe to be reliable.